Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Mergers & acquisitions

January 29, 2013: 9:45 AM ET

Berkshire Hathaway considered a rival buyout offer for NYSE Euronext back in November, according to the NY Times. NYSE Euronext is in the process of being acquired for $8.2 billion byIntercontinentalExchange (NYSE: ICE). www.theice.com

Hostess Brands has picked McKee Foods as the "stalking horse bidder" for its Drake's unit, with an offer of $27.5 million. McKee is the maker of Little Debbie snacks, while Drake's includes such brands as Devil Dogs and Ring Dings. The deal would not include a kosher bakery facility in Wayne, New Jersey. Hostess also said it has agreed to sell four bread brands to United States Bakery.www.hostess.com

Charterhouse Capital Partners is seeking around €600 million in a sale of French fragrance and cosmetics retailer Nocibe SA, according to Bloomberg. www.nocibe.fr

Intuit (Nasdaq: INTU) has acquired at least some employees of Payvment, a San Francisco-based company that had raised nearly $8 million in VC funding from BlueRun Ventures and Sierra Ventures. No financial terms were disclosed. The announcement came just hours after Payvment said it was shutting down its social commerce platform for Facebook and an affiliated shopping site Lish.com.www.payvment.com

Summit Partners has agreed to sell Ogone, a Brussels-based provider of online merchant payment services in Europe, to Ingenico SA (Paris: ING). The deal is valued at €360 million, including €120 million in cash and €240 million via bank credit. www.ogone.be

Warburg Pincus is "leaning toward" an IPO for eye-care company Bausch & Lomb Inc., after failing to attract bids in excess of $10 billion, according to the WSJ. Goldman Sachs has been managing the auction, which attracted potential bidders like Johnson & Johnson and Abbott Laboratories.www.warburgpincus.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.